The National Association of Insurance Commissioners has not yet received official word from New Mexico about the status of a longtime member.
Officials in New Mexico recently announced that they have placed Eric Serna, the state’s insurance superintendent, on administrative leave after an investigation raised questions about the contract for a bank custodial account.
At press time, Serna could not be reached for comment.
The NAIC has not received any notification about the matter from New Mexico officials, and it plans to wait until it has received official notification before commenting, NAIC spokesman Scott Holeman says.
Serna is the NAIC’s secretary-treasurer.